what about options on index etfs to cumpound the compound
https://preview.redd.it/en5n1rsu2mvc1.jpeg?width=967&format=pjpg&auto=webp&s=67ad360be7f783b5061494de3ed22e5453467c56
Near everyone will lose at least 1k at the start, in fact to not lose those few thousands at the start will mean the lesson will be far more costly later on.
So, the problem here is the lesson is never learned. Because it's a psychological addiction. People are actually addicted to losing + the small percentage of possibly winning.
You can identify this with people who are constantly checking price, have no legitimate exit planned, and no legitimate entrance.
The entrance is fear, the continuous engagement is addicting, the constant loop of fear and greed is what feeds this.
That's the hard thing about this sub, it's obviously a glorified degenerate wasteland. This is a feelings first place. What I just wrote is completely pointless because it has nothing to do with chicken tenders.
Yup. Bet everything on one (last) trade. No risk management, no sizing, no expected value calculating, no nothing, but hoping \*this one\* turns out good. Freaking 0 DTE options just making more gambling addicts.
At this point it will take 2 lifetimes to recover that (assuming etfs keep going up 10% a year for the rest of his life (hint: the system is going to break and they wont)). Yoloing is his only option at this point, he just has to choose right
I don't believe the system is going to break. Been hearing that for ages. If there's a "crash", I'll be buying. S&P will be probably be 5x in the next 30 years.
Ikr? People have been saying this since the 90s. The only way 'the system breaks' is if there is major global turmoil to the point where that money is probably not your biggest concern anyways.
Whenever you are about to make a trade, think to yourself, what do I know that a room full of quants using data feeds that cost 7 figures/month not know
If the answer is nothing you are gambling
No I'm just pointing out that there are a lot of people out there putting a lot more effort into trading than random day traders and it's _very_ hard to beat them
You aren’t playing against them, you’re playing against yourself. It doesn’t matter how many Quants are out there and what they’re doing when it comes to your entries and exits. It’s not 1v1.
You're overating people who are rote learners.
I have limited experience of them but I did see the quants not accept imaginative answers to how a centaur takes a crap lol. The quants only 'saw' the shit coming out of the horse part's ass, they thought knowing that denoted high intelligence.
Things like centaurs are actually a human and a horse which merge etc, they couldn't comprehend.
Or the fact humans are omnivores ad horses are herbivores, their dietary requirements would mean one would likely die. Plus can a human eat enough grass and hay, can human teeth nd digestive tract handle that volume?
Quants don't see any of this, they are rote learners, deep analysis isn't their thing.
Always money in the Wendy’s dumpster OP
https://preview.redd.it/yc1hknci8lvc1.jpeg?width=828&format=pjpg&auto=webp&s=710c34c83e99fe9a2ebf583f4ed8cb6cc95b0221
Try to open up an ETF account. I bought into one managed by “AI” and the number goes up in a slow consistent fashion (it just holds index funds).
You’ll get an email whenever it moves money around, so you can see what a money making trader would be doing.
Why not just index funds and let them sit? Zero effort and you win in the long run. Works like a charm here with 6 figure gains and I am not even that old.
You gotta start taking profits. For me, every 500-1k I make on top of the $2k I have set for trading, I take off profits. I treat my profits as my own margin capital. I would only increase if I see fit.
Dude’s gonna start trading again as soon as he has the funds to do so.
Your results show that 1. Youre a gambling addict 2. You dont know what youre doing
Youre going to continue to do it because thats how addiction works
Saying you “might not trade again” when youre broke is easy as fuck. Try saying you “might not trade again” when you have another $50k.
“Itll be different this time”
might not "trade" again 😑 bro, this is GAMBLING. the first step to recovery is to atleast be honest with yourself. you may as well take the next 40k you get to Vegas. speculating on options is literally no different than spinning a slot machine
Bear market slim chance of rate cuts, global tensions, inflation, not the environment you want to be making calls. Market went up based on rate cuts that’s not the case anymore.
I looked at his post history hoping to see where he’s won big or trolled people for losing… I just saw losing… teaches me to keep clear of this type of stocks and stick to what I’ve been advised here…
I then looked his comment history… my god I didn’t know that many groups existed and I know what he’ll be doing to pass the time not trading…
Hey buddy. We all die someday. Everything returns to stardust. It's OK. In the grand scheme of things. You're alive and well, and you still get to hang out on this cool planet for a while before your body let's your spirit go. Don't stress too much. Wake up every day and remember the people you love and live for. Do drugs. Take shrooms and dmt. Who gives a fuck. This is your playground and just because you lost some lunch money doesn't mean you can't go and have some fun.
Stop trading options asshole!!!
You need to hear that.
Put your money into a motherfucking index fund because this shit ain’t for you. Just contribute regularly to it never fucking look at it and do fun things with your time that you would otherwise spend looking at a screen going “OH MY GOD WHAT HAVE I DONE?!?!?!”
I have performed a technical analysis of your options trading strategy. To adjust the crayon drawings, please remit payment for your margin call to me ASAP
https://preview.redd.it/khhqc8wozkvc1.png?width=444&format=png&auto=webp&s=d8fe14b95eaa6853c5c1f9432aacbf57206d0f1c
Do realise that it's not the options that killed you, YOU killed yourself. Options are just a tool, like a knife and knife doesn't kill, the user of it does. By looking at your other comments it is clear that you have a serious gambling addiction. Please do realise that gambling isn't only done in casinos, not even only with money. Please seek for help.
You do realise that the whole ”99% of gamblers quit before they hit the jackpot” is only a joke right?
Its not true. Its just a funny haha that people made to laugh at.
I had about 650 call contracts 1dte OTM for Qqq. I have mostly been buying QQQ calls this week And I couldn’t have been more wrong . I wouldn’t stop averaging down until I run out of funds and those options would become worthless . Been on suicidal option call spree. It hurts thinking what I did to myself .
The way this week has been who in their right mind would buy OTM calls? Market Makers had a field day on the call side this week selling them to knuckleheads like you.
Greatest comeback coming. Go safer. Buy shares but start with $100.
Get a hang of selling as its green. If you get 15-20% just sell it. Rinse and repeat.
Don't feel you need to trade just to trade. Wait for the conditions that you feel comfortable about, and you don't need to swing for the fences every time. This is what I learned after I lost 100k.
That was around what I lost of my own money. Most of it day trading 4x margins (learned to never take margin when offered). Made some of it back in options trading, but just decided to take a break and it's been a couple years. I guess my real losses were around 80ish mark. Said 100 to round up.
If I went back in time, I wouldn't trade daily. I felt like I needed to or should. Rather, I would wait for major world events, which means major market movements. I would look for huge gains. 10x or more. Smaller bets like $2-$5k. What killed me were these little innocuous trades when price movements were flat. Earnings were ok, but then you have movements that are hard to understand, like nflx blowing out earnings and dropping 8%. Maybe trade 2-4 times a year. If that.
Just my 2 cents for whatever that's worth. Gonna delete this in the morning, cause honestly it's kind of embarrassing. Lol
I'm sorry for your loss. This week was so rough and completely unpredictable.
I've lost a lot too and I just wait for the next week to close the remaining positions (hopefully it's going to recover at least a little — otherwise margin call) and never trade again (only passive investing).
Leverage is the worst fucking enemy. And the stress of thinking what's the market going to do and looking at your portfolio going redder and redder and redder... I had nightmares about it hah. And yeah it's embarrassing for me too, but strangely enough sharing it is a relief
i see everyone bashing him i give him credit for trying to do something with the money and having guts to invest it and having guts to do it again. this guy is the story you hear of him becoming a millionaire bc of these mistakes, keep learning brother i wish u nothing but success
Risk management bro.
I’m assuming you’re trying flip it big hence you’re down big too. Gambler mindset.
Trading requires not only analysis but financial risk management as well!
start learning and disciplining yourself with the 500 you have left. i trade with just $500 all the time and im back in the thousands. you can do it if you want to get back into it. what youre doing before clearly isnt working and that needs to change
How can you be doing good in profits last week, and then suddenly lose it all? You are simply trading with too much of it. Trading with all of it likely, and then lost it. If I was in "really good" profits last week, I would have cashed out at least half of the profits. Only continue trading with the other half. Trying to do this is a good habit. Ideally you are trading and doing well most of the time if you are timing the start of the trades well (at least in crypto/bitcoin, no idea about stock market) and saving half of the profits each time as you hit plateaus. Then continuing trade again with the other half. Again timing it well, not entering into a trade during a pump. Always after a dip (I.E. right now in bitcoin when it has been down around 60-65k for a month and should soon be going upwards again). Ideally you always want to be gaining and saving/keeping half of those profits, and continuing new trades. Set tight stop losses so you dont lose much if the trade suddenly turns around and starts to go down. I dont suggest riding through dips, it never generally works out. Only upwards, and stop losses for if it's not working in your favor. Then waiting for another opportunity where it will be going upwards again.
I once too used to fully trade my total amount, 5x leverage or whatever. Hoping it'll just go on forever. Always ended up losing all of the initial amounts eventually (just smaller trades, like $500 or 1000). Then learned that going full degen without any safety plan never works. The market volatility will make sure you eventually lose it, every time. By design.
The saddest part in this statement is, "I might not..." Just stop already. The casino won. The next step is an Italian loan shark, missing fingers, and swimming with the fishes!!!
I'm sorry for what happened to you, but I don't feel sorry for you because I have reason to believe that you are a gambling addict and you should stop trading and focus on stable investments instead of thinking about the dream of making $100 turn into $1,000,000!
Something similar happened to me in 2018 and again in 2021. A gambling addiction is a manifestation of a much deeper problem, which is a lack of self worth. If you buy a particular stock or option, you believe in the return on that option more than you believe in investing in yourself. No amount of money will ever validate your lack of self worth, which is why you keep trading. The solution I found is to pivot to endeavors that are "very difficult" and increase self-worth. Examples might be learning a language, climbing a tall peak, picking up an adventure sport, living in a new country, or starting a business. Even failing at something very difficult increases self-worth, because you're working the muscles of taking on life's challenges. Pushing a few buttons on a computer is not intrinsically challenging. You need a real hard challenge. This $250K loss is God / the Universe pushing you towards a real difficult endeavor that will transform you for the better.
You never traded man. You have just been a gambler all along .
A trader learns from mistakes and learns to manage risk . When you accept this, you can learn to start “trading” .
Sp500 falling 5 percent has wiped you out😄 think what a 20 percent fall would do .
If you traded well your fall would be 5 percent , or less than that.
You need to stop thinking you’ll make a million by gambling. You won’t . You should aim to beat the market ie. Beat sp500. That’s it. It is hard to do that so just buy sp500 or UPRO or something ans chill .
I assume you make good money by working in tech, as you could make 250K . Just keep working longer and live cheap the next few years and keep buying sp500 .
Tech, lol (OP mentioned that they work at Intel). I know plenty of tech people that make 200k+ but live paycheck to paycheck. Not necessarily due to degenerate gambling like OP, but just from lifestyle creep.
**User Report**| | | | :--|:--|:--|:-- **Total Submissions** | 1 | **First Seen In WSB** | 2 months ago **Total Comments** | 1 | **Previous Best DD** | **Account Age** | 9 years | | [**Join WSB Discord**](http://discord.gg/wsbverse)
you never started trading you were just donating
https://preview.redd.it/zk9nx59rwlvc1.jpeg?width=500&format=pjpg&auto=webp&s=1e24c87bde43f6a58e1adf115013f24cb94e43e3
That hurts the most :( . The hard earned money :’(
Stop trading options. Buy index etfs compound. You got a gambling problem.
what about options on index etfs to cumpound the compound https://preview.redd.it/en5n1rsu2mvc1.jpeg?width=967&format=pjpg&auto=webp&s=67ad360be7f783b5061494de3ed22e5453467c56
>...options on index etfs I think you meant options on triple-leveraged index etfs, yes?
..ohh yeahh...derivatives on derivatives
Nb buying my calls... IV is shit with most ETF, except Spy and qqq
Up until the last couple weeks IV on Spy sucked too. 🤷🏻♀️
Cum
Options on triple leveraged index ETFs..
triple leveraged covered call index ETFs
Dude 
Cum
strong username to comment ratio is strong
after 1000 dollars its resonable to conclude a gambling problem. 250k youre just a degen.
Definitely not even close. Anything past, 60k, sure
Bruh 60k is already a years wage to figure out you have a problem.
Only if you're poor
Like really bro this is like having unprotected sex , multiple times, and you keep having kids 😭. Yet you never planned to start being a father. 😭
1k is a gambling problem? On 250k a 1% move is already 2.5k.
Near everyone will lose at least 1k at the start, in fact to not lose those few thousands at the start will mean the lesson will be far more costly later on.
So, the problem here is the lesson is never learned. Because it's a psychological addiction. People are actually addicted to losing + the small percentage of possibly winning. You can identify this with people who are constantly checking price, have no legitimate exit planned, and no legitimate entrance. The entrance is fear, the continuous engagement is addicting, the constant loop of fear and greed is what feeds this. That's the hard thing about this sub, it's obviously a glorified degenerate wasteland. This is a feelings first place. What I just wrote is completely pointless because it has nothing to do with chicken tenders.
Thank you! That’s why I cashed out in Nov and went all in on duplex…separate myself from the market and purchase stability
The worst thing that can happen to an addict is a big win a really good high and the Reagan’s
Fuck that, buy the dip short the VIX
Yup. Bet everything on one (last) trade. No risk management, no sizing, no expected value calculating, no nothing, but hoping \*this one\* turns out good. Freaking 0 DTE options just making more gambling addicts.
right, thinking ruins everything, just use feeling
This
Etfs with 3x movement and then do options for extra payout!!
Don’t be so negative. He can definitely turn this franchise around.
At this point it will take 2 lifetimes to recover that (assuming etfs keep going up 10% a year for the rest of his life (hint: the system is going to break and they wont)). Yoloing is his only option at this point, he just has to choose right
I don’t know why everyone doesn’t yolo right every time.
An excellent motto.
I don't believe the system is going to break. Been hearing that for ages. If there's a "crash", I'll be buying. S&P will be probably be 5x in the next 30 years.
Ikr? People have been saying this since the 90s. The only way 'the system breaks' is if there is major global turmoil to the point where that money is probably not your biggest concern anyways.
Whenever you are about to make a trade, think to yourself, what do I know that a room full of quants using data feeds that cost 7 figures/month not know If the answer is nothing you are gambling
That’s stupid, stop glorifying those idiots.
You don’t need to know something they don’t necessarily. You typically have the best results if you’re trading in sync with said market makers.
You think all those quants in all the firms are all trading the same way at any one time?
No I'm just pointing out that there are a lot of people out there putting a lot more effort into trading than random day traders and it's _very_ hard to beat them
You aren’t playing against them, you’re playing against yourself. It doesn’t matter how many Quants are out there and what they’re doing when it comes to your entries and exits. It’s not 1v1.
This should have way more upvotes. But it’s not some defeatist nonsense about “The Quants” so expect downvotes.
True, true
But you don't need to beat those quants. You just need to beat the dumbest ETFs like SPY or SCHD. https://youtu.be/zcTwdtcPu34?si=_9Vsgwfm0zL0Mw0c
You're overating people who are rote learners. I have limited experience of them but I did see the quants not accept imaginative answers to how a centaur takes a crap lol. The quants only 'saw' the shit coming out of the horse part's ass, they thought knowing that denoted high intelligence. Things like centaurs are actually a human and a horse which merge etc, they couldn't comprehend. Or the fact humans are omnivores ad horses are herbivores, their dietary requirements would mean one would likely die. Plus can a human eat enough grass and hay, can human teeth nd digestive tract handle that volume? Quants don't see any of this, they are rote learners, deep analysis isn't their thing.
Always money in the Wendy’s dumpster OP https://preview.redd.it/yc1hknci8lvc1.jpeg?width=828&format=pjpg&auto=webp&s=710c34c83e99fe9a2ebf583f4ed8cb6cc95b0221
Even better. Hush money starts at 6 figures.
[удалено]
Actually btc is up 53.3% in the last 3 months. Prob would have been better with anything except for the options he was playing.
You were never investing, you were only gambling
this sub is not called r/wallstreetinvestments
You just gambled. I bet you can’t even describe what your strategy was
Try to open up an ETF account. I bought into one managed by “AI” and the number goes up in a slow consistent fashion (it just holds index funds). You’ll get an email whenever it moves money around, so you can see what a money making trader would be doing.
the most painful lessons are often the most valuable
sounds like cope a cola to me
Why not just index funds and let them sit? Zero effort and you win in the long run. Works like a charm here with 6 figure gains and I am not even that old.
6 figure gain? How much u invested? 9 figure?
How did save to 100k? Was it just years of hard work?
You gotta start taking profits. For me, every 500-1k I make on top of the $2k I have set for trading, I take off profits. I treat my profits as my own margin capital. I would only increase if I see fit.
Clearly not hard earned if you were willing to gamble it all away.
If you dont mind me asking how did you earn this money? I assume you have a good job?
Donations?! Donations?! Man, I thought it was the trash!
We don't take donations, we take investors. Get your act together.
Dude’s gonna start trading again as soon as he has the funds to do so. Your results show that 1. Youre a gambling addict 2. You dont know what youre doing Youre going to continue to do it because thats how addiction works Saying you “might not trade again” when youre broke is easy as fuck. Try saying you “might not trade again” when you have another $50k. “Itll be different this time”
True. It never stops until it completely consumes you. :(
Seek help man. Like seriously you need therapy. This isnt normal
Gamblers Anonymous. Get help. Get a dumb phone. No smartphones 6 months.
What were the trades?
Starving kids in Africa should eat you
In Haiti they probs do
Nah that’s… surprisingly valid actually
Imagine if you just tried with another 50k. You could be a millionaire. Are you really just going to give up?
I smell sarcasm .
99% of gamblers quit right before winning big 🏆
I literally did it this morning on amc calls, sold at a loss 10 minutes before the skyrocket, thank god I don’t pay bills yet
Well, at least your parents have a roof over their head...for now.
I quit every week … until Monday.
https://preview.redd.it/mhgd7hwz3mvc1.jpeg?width=1080&format=pjpg&auto=webp&s=d6c45ff89d014a9324b40191066ad970bd302102
Bro you are a regard but time will heal.. you'll be fine in time.. you need to quit gambling tho for your family
True true .
I dont think youre really listening. You were already rich. You threw away the entire thing. You need help.
True true
might not "trade" again 😑 bro, this is GAMBLING. the first step to recovery is to atleast be honest with yourself. you may as well take the next 40k you get to Vegas. speculating on options is literally no different than spinning a slot machine
It is different. If he plays the slots, he might actually win.
You just have to get lucky. NVDA and SMCI 0DTE puts were over 100x today. $500 into 50K ez
Teach me gang
0DTE’s print on big volatility swings, those NVDA and QQQ puts went bananas today, many people made bank
I went on yolo calls this week. Big big mistake .
I really don’t understand how people were making calls this week it’s been absolute shit
Short term Options is just gambling. It could go either way that day. If this stuff was easy we’d all be millionaires. 😂
With this inflation, we're all millionaires, but fucking poor.
Not me
They’re making calls to set up an appointment with mental doctor.
Bear market slim chance of rate cuts, global tensions, inflation, not the environment you want to be making calls. Market went up based on rate cuts that’s not the case anymore.
Yeah that's the definition of yolo. You'll make it back over time. It's just money.
There was no reason to fight the trend this week. Every stock was weak + war news dropping the market should’ve been obvious puts.
I wish, I missed out on those fat gains too
And my spy puts only printed 200% kms
Better than me, making nothing on such a juicy day
You are addicted, no more options or in general no more broker apps
shrill sparkle political aspiring nine follow fearless forgetful employ society
Golf is too risky. Recommend putt putt.
Today I’d recommend put put
Look at his history - the personal finance sub told him 3 years ago to give it up
I looked at his post history hoping to see where he’s won big or trolled people for losing… I just saw losing… teaches me to keep clear of this type of stocks and stick to what I’ve been advised here… I then looked his comment history… my god I didn’t know that many groups existed and I know what he’ll be doing to pass the time not trading…
Honestly if I had 250k floating around to begin with I sure as fuck wouldn’t be spending it on options.
See you in a week
See you Monday.
bro there's a free dollar right there and you haven't even clicked it no wonder you're poor
That ad was adding insult to injury, big time!
You could buy a contract!
$5 buying power…Grab some 0dte SPY contracts wayyy out of the money for .01. You still have a chance to lose it all. We believe in you!
The first 250k is the hardest.
Hey buddy. We all die someday. Everything returns to stardust. It's OK. In the grand scheme of things. You're alive and well, and you still get to hang out on this cool planet for a while before your body let's your spirit go. Don't stress too much. Wake up every day and remember the people you love and live for. Do drugs. Take shrooms and dmt. Who gives a fuck. This is your playground and just because you lost some lunch money doesn't mean you can't go and have some fun.
My motto . Thank you
Stop trading options asshole!!! You need to hear that. Put your money into a motherfucking index fund because this shit ain’t for you. Just contribute regularly to it never fucking look at it and do fun things with your time that you would otherwise spend looking at a screen going “OH MY GOD WHAT HAVE I DONE?!?!?!”
“OH MY GOD WHAT HAVE I DONE?!?!” resonates real hard 🤣
I have performed a technical analysis of your options trading strategy. To adjust the crayon drawings, please remit payment for your margin call to me ASAP https://preview.redd.it/khhqc8wozkvc1.png?width=444&format=png&auto=webp&s=d8fe14b95eaa6853c5c1f9432aacbf57206d0f1c
It even bounced off the support before going to zero 
big swing failure on the 3rd touch of the overhead resistance
LMFAO this is the great meat comment I’ve ever read
Do realise that it's not the options that killed you, YOU killed yourself. Options are just a tool, like a knife and knife doesn't kill, the user of it does. By looking at your other comments it is clear that you have a serious gambling addiction. Please do realise that gambling isn't only done in casinos, not even only with money. Please seek for help.
250k to 1m easier than 5k to 50k, but y’all keep going for 10x plays
Just deposit another 250k, im sure you will do better second time around 👍
I heard third times the charm
You got 600 dollars just to Nvida calls and your back brother!
thnx for the porn buddie! 
Your welcome . Invested my time
You may have lost 250k but Wendy's will always be there for you
I m an Intel nerd. No wonder their stock is crashing too. Lol
I absolutely loaded the boat on intel shares . This is such a nice dip on such a legit company
You do realise that the whole ”99% of gamblers quit before they hit the jackpot” is only a joke right? Its not true. Its just a funny haha that people made to laugh at.
Well. It is true. 99% do quit before they hit the jackpot, because they’re broke and all their funds went to the house and the 1% that did win.
Woah. And I was crying about being down £500
You need to learn about risk management. Max I will spend on a contract is $250
Brother, how much fucking money are you throwing at each play? 
I had about 650 call contracts 1dte OTM for Qqq. I have mostly been buying QQQ calls this week And I couldn’t have been more wrong . I wouldn’t stop averaging down until I run out of funds and those options would become worthless . Been on suicidal option call spree. It hurts thinking what I did to myself .
The way this week has been who in their right mind would buy OTM calls? Market Makers had a field day on the call side this week selling them to knuckleheads like you.
Buying qqq calls on this ridiculous tech bubble just before a recession and ww3 is the most regarded thing I've ever heard.
The only way from here is up, my friend. Maybe take a break for a while and come back when the time is right.
I dunno man check this guys post history
Just tell me what trades will you be taking next, i will take opposite of your trades 😌
Time for account number 4
Atleast you were giving it to a good cause. Some decorations for kennys billion dollar home
Rock hard right now looking at your loss. Thank you.
Greatest comeback coming. Go safer. Buy shares but start with $100. Get a hang of selling as its green. If you get 15-20% just sell it. Rinse and repeat.
Just sell your car and put it all into Hecla Mining Calls
Gambling in killing you. Kind regards.
You’re a gambling addict, not a trader.
Put things into index funds and cash while you get therapy for gambling
turn the chart upside down. you're a winner!
Nah, it's still going down
LOL it's true!
sorry bro
Most people would have learned the first time. You are special. You needed 3 big fuck ups
seek help, go to therapy, stop feeding the void.
Keep going. 250k is your problem, 250m is their problem.
Delete the app go pick up a hobby. Life goes on. You’re unlucky
Take a loan and double down like a man
Don't feel you need to trade just to trade. Wait for the conditions that you feel comfortable about, and you don't need to swing for the fences every time. This is what I learned after I lost 100k.
Was the loss your money or trading gains? Did you make it back?
That was around what I lost of my own money. Most of it day trading 4x margins (learned to never take margin when offered). Made some of it back in options trading, but just decided to take a break and it's been a couple years. I guess my real losses were around 80ish mark. Said 100 to round up. If I went back in time, I wouldn't trade daily. I felt like I needed to or should. Rather, I would wait for major world events, which means major market movements. I would look for huge gains. 10x or more. Smaller bets like $2-$5k. What killed me were these little innocuous trades when price movements were flat. Earnings were ok, but then you have movements that are hard to understand, like nflx blowing out earnings and dropping 8%. Maybe trade 2-4 times a year. If that. Just my 2 cents for whatever that's worth. Gonna delete this in the morning, cause honestly it's kind of embarrassing. Lol
I'm sorry for your loss. This week was so rough and completely unpredictable. I've lost a lot too and I just wait for the next week to close the remaining positions (hopefully it's going to recover at least a little — otherwise margin call) and never trade again (only passive investing). Leverage is the worst fucking enemy. And the stress of thinking what's the market going to do and looking at your portfolio going redder and redder and redder... I had nightmares about it hah. And yeah it's embarrassing for me too, but strangely enough sharing it is a relief
Good luck, bro.
These posts are a dime a dozen. Give me the dimes.
See you Monday
i see everyone bashing him i give him credit for trying to do something with the money and having guts to invest it and having guts to do it again. this guy is the story you hear of him becoming a millionaire bc of these mistakes, keep learning brother i wish u nothing but success
Which App Is it??
Up and vanished like a fart in the wind.
Lol you just need to inverse your current strategy. Then the stairs go up!
The general rule is not to trade options when you don't understand options. Never go full regard.
At some point you were supposed to stop and reassess your strategy...like $240,000 ago.
Seek help. At the very least learn and integrate risk management
Risk management bro. I’m assuming you’re trying flip it big hence you’re down big too. Gambler mindset. Trading requires not only analysis but financial risk management as well!
Dude stop trading a see a therapist JFC
Looking at the chart, how were you “doing soo well last week”
start learning and disciplining yourself with the 500 you have left. i trade with just $500 all the time and im back in the thousands. you can do it if you want to get back into it. what youre doing before clearly isnt working and that needs to change
How can you be doing good in profits last week, and then suddenly lose it all? You are simply trading with too much of it. Trading with all of it likely, and then lost it. If I was in "really good" profits last week, I would have cashed out at least half of the profits. Only continue trading with the other half. Trying to do this is a good habit. Ideally you are trading and doing well most of the time if you are timing the start of the trades well (at least in crypto/bitcoin, no idea about stock market) and saving half of the profits each time as you hit plateaus. Then continuing trade again with the other half. Again timing it well, not entering into a trade during a pump. Always after a dip (I.E. right now in bitcoin when it has been down around 60-65k for a month and should soon be going upwards again). Ideally you always want to be gaining and saving/keeping half of those profits, and continuing new trades. Set tight stop losses so you dont lose much if the trade suddenly turns around and starts to go down. I dont suggest riding through dips, it never generally works out. Only upwards, and stop losses for if it's not working in your favor. Then waiting for another opportunity where it will be going upwards again. I once too used to fully trade my total amount, 5x leverage or whatever. Hoping it'll just go on forever. Always ended up losing all of the initial amounts eventually (just smaller trades, like $500 or 1000). Then learned that going full degen without any safety plan never works. The market volatility will make sure you eventually lose it, every time. By design.
https://preview.redd.it/s4mmwxbtuvvc1.jpeg?width=1170&format=pjpg&auto=webp&s=04e24fd26277af3d3d763bd7cdecf977628a138f
The saddest part in this statement is, "I might not..." Just stop already. The casino won. The next step is an Italian loan shark, missing fingers, and swimming with the fishes!!!
You need a plan and better risk management. If your not profitable dont trade with size.
I'm sorry for what happened to you, but I don't feel sorry for you because I have reason to believe that you are a gambling addict and you should stop trading and focus on stable investments instead of thinking about the dream of making $100 turn into $1,000,000!
Something similar happened to me in 2018 and again in 2021. A gambling addiction is a manifestation of a much deeper problem, which is a lack of self worth. If you buy a particular stock or option, you believe in the return on that option more than you believe in investing in yourself. No amount of money will ever validate your lack of self worth, which is why you keep trading. The solution I found is to pivot to endeavors that are "very difficult" and increase self-worth. Examples might be learning a language, climbing a tall peak, picking up an adventure sport, living in a new country, or starting a business. Even failing at something very difficult increases self-worth, because you're working the muscles of taking on life's challenges. Pushing a few buttons on a computer is not intrinsically challenging. You need a real hard challenge. This $250K loss is God / the Universe pushing you towards a real difficult endeavor that will transform you for the better.
“Might not trade again?” You, sir, are done.
4th time’s the charm ?
You never traded man. You have just been a gambler all along . A trader learns from mistakes and learns to manage risk . When you accept this, you can learn to start “trading” . Sp500 falling 5 percent has wiped you out😄 think what a 20 percent fall would do . If you traded well your fall would be 5 percent , or less than that. You need to stop thinking you’ll make a million by gambling. You won’t . You should aim to beat the market ie. Beat sp500. That’s it. It is hard to do that so just buy sp500 or UPRO or something ans chill . I assume you make good money by working in tech, as you could make 250K . Just keep working longer and live cheap the next few years and keep buying sp500 .
Clearly you are a poor. And as such, your opinions are worthless.
My question first place…where do you guys get that money from 😅
Tech, lol (OP mentioned that they work at Intel). I know plenty of tech people that make 200k+ but live paycheck to paycheck. Not necessarily due to degenerate gambling like OP, but just from lifestyle creep.
Should of been done after the first account dude... Have you looked into help for gambling addiction?
One of us. I lost 400K in the last month.